Description

Job Description

JOB PURPOSE:

• Purpose of the role is to lead portfolio risk analytics through robust quantitative modelling, strong regulatory oversight, and data-driven decision support. The role governs enterprise analytics programs, including the development and calibration of regulatory, non-regulatory, and econometric models. The role focuses on elevating modeling standards using best-in-class techniques aligned with regulatory and business requirements, while conducting ECL sensitivity analyses to assess macroeconomic shocks and emerging risks, and their impact on provisions and capital adequacy. The role also promotes awareness of model outputs, limitations, and model risk across the business, and supports growth by delivering actionable insights that optimize risk-return outcomes within the defined risk appetite.

KEY ACCOUNTABILITIES:

People Management

• Manage the effective achievement of assigned objectives by setting of team and individual objectives, managing performance, developing and motivating staff to maximise departmental performance.
• Lead the talent development initiatives for the assigned team, collaborating with technical/discipline experts and thereby ensure the availability of talent to fit business requirements.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned department to foster a value driven culture within the Group.

Policies, Systems, Processes & Procedures

• Manage and ensure effective implementation of macro-economic forecasts, macro-economic modelling and other enterprise initiatives covering all areas of assigned department activity so that all relevant procedural/legislative requirements fulfilled while delivering a quality, cost-effective service.

Group wide Portfolio Analytics - Econometric and Enterprise Risk Models

• Provide specialist analytical and strategic views on risk models and their use in the business, responsible to the business for ensuring that the suite of models is in place and fit for purpose.
• Manage the development of and embed a robust, auditable and controllable framework for the development and implementation of all macro-economic forecasts and new-to-market enterprise risk models. Provide the minimum criteria to be communicated to business and risk for acceptance to be developed by the team responsible with Enterprise Model Risk Development.
• Manage the compliance to observations raised by audit, regulatory and internal validation teams.
• Manage the accurate implementation of models, through providing comprehensive implementation specifications and guidance around UAT testing and approvals.
• Liaise with internal stakeholders within Group Risk to understand modelling requirements and provide direction and oversight on model use to avoid any potential model risks/ adverse consequences from misusing.
• Manage the process to ensure that model impacts are produced and understood, communicated as necessary to support committee recommendations and timely regulatory submissions.
• Liaise with relevant risk and business teams to develop and review model performance, assumptions, theory and empirical evidence and propose required changes to senior management to implement improved risk models and enhance risk effectiveness.
• Conduct studies on current risk management methodologies and make recommendations on risk management system enhancements, spearheading the research and integration of new products into the existing risk management system.

Team Supervision

• Nurture team members to take on responsibilities with higher accountability and improve their skill sets.
• Identify areas of delivery risk and proactively notify relevant stakeholders with suggested mitigates

Policies, Systems, Processes & Procedures

• Identify opportunities to leverage new systems, amend and update processes to deliver higher returns of efficiency, service etc. while maintaining compliance with the relevant policies.
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Always demonstrate compliance to organization's values and ethics to support the establishment of a value driven culture within the bank.

QUALIFICATIONS & EXPERIENCE:

• Post-Graduate in Business Management/Information technology. Relevant certification from GARP/CFA would be an advantage
• 12+ years proven experience in banks of comparable size in area of risk management and macro-economic fundamentals.
• Proven experience in senior stakeholder management
• Strong leadership ability and inter-personal skills

About Us

About Us:

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB:

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization

Career Development:

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our Values:

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.